Management Papers

Document Type

Journal Article

Date of this Version

1994

Publication Source

Strategic Management Journal

Volume

15

Issue

S1

Start Page

45

Last Page

62

DOI

10.1002/smj.4250150905

Abstract

The resource view of the firm has made substantial progress in identifying what attributes of a firm may provide a source of competitive advantage; however, the literature has far less to say about the emergence of these distinctive capabilities. We develop a simple framework based on the role of positive feedback effects of market activity, organizational factors that cause a firm to focus on a particular capability trajectory, and lastly the role of managerial choice with respect to anticipated feedback effects, which we term feedforward effects. We apply this framework to the emergence of competitive positions in the mutual fund-processing business from its inception to 1984.

Copyright/Permission Statement

This is the peer reviewed version of the following article: Levinthal, D. and Myatt, J. (1994), Co-Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing. Strat. Mgmt. J., 15: 45–62., which has been published in final form at doi: 10.1002/smj.4250150905. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving http://olabout.wiley.com/WileyCDA/Section/id-820227.html#terms.

Keywords

organizational capabilities, mutual funds

Download

Share

COinS
 

Date Posted: 27 November 2017

This document has been peer reviewed.